Market Share of Europe Automotive Telematics Industry
The European automotive telematics market is fragmented due to the presence of many local and global players, such as Robert Bosch GmbH and ACTIA Group. The market is transforming with the evolution of technologies, but conventional technology will continue to hold the major share. The companies have been highly investing in R&D projects to provide the best service through telematics to car owners, and major players in the market are expanding their presence by acquiring small companies and starting new plants in other countries. For instance-
- In May 2022, KPIT Technologies Ltd announced the acquisition of cloud-based vehicle diagnostics specialist SOMIT solutions. The partnership will enable an e-cloud-based vehicle diagnostics platform and expert consulting services
- In June 2021, Investindustrial agreed to acquire Targa Telematics, an Italian technology company that offers solutions in telematics, smart mobility, and digital IoT platforms for mobility operators.
Europe Automotive Telematics Market Leaders
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Robert Bosch GmbH
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Continental AG
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Magnetic Marelli SpA
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Valeo Group
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ACTIA Group
*Disclaimer: Major Players sorted in no particular order
